Articlediamond2019

ANALISIS PERBANDINGAN MODEL SPRINGATE, ZMIJEWSKI, DAN ALTMAN DALAM MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Diana Supriati · Icuk Rangga Bawono · Kusriyadi Choirul Anam

20 citations0/0 files storedJOURNAL OF APPLIED BUSINESS ADMINISTRATION

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Financial Distress and Bankruptcy Prediction Financial Analysis and Corporate Governance Corporate Insolvency and Governance

Abstract

Financial Distress can be interpreted as a phase of the decline in financial conditions experienced by a company. One of the indicators is the inability of the company to pay off its debts that are due, which is caused by losses suffered by the company in several years. This study aims to analyze and predict financial distress in companies listed on the Indonesia Stock Exchange that have suffered for several years and to find out which prediction models can indicated the best financial distress. The populations in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2015-2017. The sample in this study was determined based on the purposive sampling method and obtained a sample of 16 companies, the final observation in this study were 48 observations. The data in this study were analyzed using the Springate, Zmijewski, and Altman models. This study concludes that for sample analyzed by the Springate and Altman models, the majority are classified as having indicated financial distress and for those analyzed by the Zmijewski model only a small proportion classified as having financial distress. Furthemore, for the best predictive model in indicating financial distress is the Springate model

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2014PREDIKSI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR DI INDONESIA 2011Ability of Combinations of Cash Flow Components to Predict Financial Distress 2017Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia 2018ANALISIS FAKTOR- FAKTOR YANG MEMPENGARUHI KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN YANG DELISTING DARI JAKARTA ISLAMIC INDEX TAHUN 2012-2016 2017ANALISIS FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR DI INDONESIA dengan REGRESI LOGISTIK 2018FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR PROPERTI GO PUBLIC DI INDONESIA 2014ANALISIS KOMPARASI POTENSI KEBANGKRUTAN DENGAN METODE Z - SCORE ALTMAN, SPRINGATE, DAN ZMIJEWSKI PADA INDUSTRI KOSMETIK YANG TERDAFTAR DI BURSA EFEK INDONESIA 2014Analisis Rasio Keuangan Untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur

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